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Bank of America Cuts Off Wikileaks Transactions
Chaonici writes "The first actual bank to do so, Bank of America has decided that it will follow in the footsteps of PayPal, MasterCard, and Visa, and halt all its transactions that it believes are intended for WikiLeaks, including donations in support of the organization. 'This decision,' says the bank, 'is based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.' Coincidentally, in a 2009 interview with Forbes magazine, Julian Assange stated that he was in possession of the hard drive of a Bank of America executive, and that he planned to release information about a major bank early next year."
Ok, so it's time for a run on the bank.
Get in before the rush!
If Federal regulators even SUSPECT you have been allowing terrorists to receive payment, you are subject to an audit with a cost of about 50 million dollars to support (you have to pay all of your people to deal with the audit instead of their normal job responsibilities). The fines and reprecussions are on top of that initial cost, and can include being barred from the FDIC, which basically shuts down a bank forever.
My guess is that bank of america merely has the inside scoup and wikileaks is about to be declared official terrorists.
In Arizona, BoA is being charged with fraud.
http://foreclosureblues.wordpress.com/2010/12/17/arizona-attorney-general-charges-bank-of-america-with-mortgage-and-foreclosure-fraud-complaint-here/
So yes... my hope is that Wikileaks does right by the people and exposes this corrupt bank and its practices.
Banks are the number one enemy these days, and rightfully so. They could have actually helped stop the recession by helping homeowners with the mortgages.
That quote is from Civil Disobedience. It's a short read and and very much worthwhile. You can find it with a search engine.
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